“If this guy prints more money between now and the election, “I don’t know what y’all would do to him in Iowa, but we would treat him pretty ugly down in Texas,” Perry said. “Printing more money to play politics at this particular time in American history is almost treacherous -- or treasonous in my opinion.”

By playing politics, he meant that the Fed would be trying to help Obama. “If they print more money between now and this election, I would suggest that’s exactly what’s going on,” Perry said.

Perry was answering a question from the audience when he made the statements. He went on to criticize Bernanke's policies under the Obama administration:

“We’ve already tried this. All it’s going to be doing is devaluing the dollar in your pocket and we cannot afford that. We have to learn the lessons of the past three years that they’ve been devastating. The President of the United States has conducted an experiment on the American economy for almost the last three years, and it has gone tragically wrong and we need to send him a clear message in November of 2012 that new leadership is coming.”